MarketAxess Holdings Q1 2024 Adj EPS $1.92 Beats $1.87 Estimate, Sales $210.300M Miss $212.657M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarketAxess Holdings (MKTX) reported Q1 2024 adjusted EPS of $1.92, surpassing the $1.87 estimate, but its sales of $210.3M fell short of the $212.657M forecast, marking a 3.51% year-over-year increase.
May 07, 2024 | 10:31 am
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MarketAxess Holdings reported a Q1 2024 adjusted EPS of $1.92, beating estimates, but sales of $210.3M missed expectations, despite a 3.51% YOY increase.
The mixed results from MarketAxess Holdings, with an earnings beat but a slight miss on sales forecasts, could lead to neutral market reactions. The earnings beat is positive, but the sales miss, albeit slight, may temper optimism. Given the close alignment with estimates and the year-over-year sales growth, the overall impact on the stock is likely to be neutral in the short term.
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